Grouped Into 14 Collections of Similar Clauses From Business Contracts
This page contains Conflicts of Interest clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Conflicts of Interest. While employed by the Company, except as otherwise provided to the contrary herein, the Executive shall not, unless approved by the Board, or any Committee thereof, directly or indirectly: (a) participate as an individual, in any way, in the benefits of transactions with the Company, its suppliers, vendors, or customers, including, without limitation, having a financial interest in the Company's suppliers, vendors, or customers, or making loans to, or receiving loans, from, the Company's supplie...rs, vendors, or customers; 14 (b) realize a personal gain or advantage from a transaction in which the Company has an interest or use information obtained in connection with the Executive's employment with the Company for the Executive's personal advantage or gain; or (c) accept any offer to serve as an officer, director, partner, consultant, manager with, or to be employed in a professional, medical, technical, or managerial capacity by, a Person which does business with the Company.View More
Conflicts of Interest. While employed by the Company, except as otherwise provided to the contrary herein, the Executive shall not, unless approved by the Board, or any Committee thereof, Compensation Committee, directly or indirectly: (a) participate as an individual, individual in any way, way in the benefits of transactions with any of the Company, its suppliers, Company's customers, vendors, or customers, suppliers, including, without limitation, having a financial interest in the Company's suppliers, customers, v...endors, or customers, suppliers, or making loans to, or receiving loans, from, the Company's suppliers, customers, vendors, or customers; 14 suppliers; (b) realize a personal gain or advantage from a transaction in which the Company has an interest or use information obtained in connection with the Executive's employment with the Company for the Executive's personal advantage or gain; or (c) accept any new offer during the Term to serve as an officer, director, partner, consultant, manager with, or to be employed in a professional, medical, technical, or managerial capacity by, a Person person or entity which does business with the Company. Company other than ZEST. View More
Conflicts of Interest. While Except as otherwise set forth in Section 7(a), while employed by the Company, except as otherwise provided to the contrary herein, the Executive shall not, directly or indirectly, unless approved by the Board, or any Committee thereof, directly or indirectly: Company: (a) participate as an individual, individual in any way, way in the benefits of transactions with any of the Company, its suppliers, vendors, Company suppliers or customers, clients, including, without limitation, having a fi...nancial interest in the Company's suppliers, vendors, suppliers or customers, clients, or making loans to, or receiving loans, loans from, the Company's suppliers, vendors, suppliers or customers; 14 clients; (b) realize a personal gain or advantage from a transaction in which the Company has an interest or use information obtained in connection with the Executive's employment with the Company for the Executive's personal advantage or gain; or (c) accept any offer to serve as an officer, director, partner, consultant, manager with, or to be employed in a professional, medical, technical, or managerial technical capacity by, a Person which person or entity that does business with the Company. As used in Section 10(a), (b) or (c), references to the Company also includes an Affiliated Company. View More
Conflicts of Interest. While employed by the Company, except as otherwise provided to the contrary herein, the Executive shall not, unless approved by the Board, BOD or any Committee thereof, the shareholders of the Company, directly or indirectly: (a) participate as an individual, individual in any way, way in the benefits of transactions with any of the Company, its Company's suppliers, vendors, customers, or customers, subjects, including, without limitation, having a financial interest in the Company's suppliers, ...vendors, customers, or customers, subjects, or making loans to, or receiving loans, from, the Company's suppliers, vendors, customers, or customers; 14 subjects; (b) realize a personal gain or advantage from a transaction in which the Company has an interest or use information obtained in connection with the Executive's employment with the Company for the Executive's personal advantage or gain; or (c) accept any offer to serve as an officer, director, partner, consultant, manager with, or to be employed in a professional, medical, technical, or managerial capacity by, a Person person or entity which does business with the Company. View More
Conflicts of Interest. While employed by the Company, the Executive shall not, unless approved by the Compensation Committee, directly or indirectly: (a) participate as an individual in any way in the benefits of transactions with any of the Company's customers, vendors, or suppliers, including, without limitation, having a financial interest in the Company's customers, vendors, or suppliers, or making loans to, or receiving loans, from, the Company's customers, vendors, or suppliers; (b) realize a personal gain or ad...vantage from a transaction in which the Company has an interest or use information obtained in connection with the Executive's employment with the Company for the Executive's personal advantage or gain; or (c) accept any new offer during the Term to serve as an officer, director, partner, consultant, manager with, or to be employed in a professional, technical, or managerial capacity by, a person or entity which does business with the Company other than ZEST. 12 12. Inventions, Ideas, Processes, and Designs. All inventions, ideas, processes, programs, software, and designs (including all improvements) (i) conceived or made by the Executive during the course of his employment with the Company (whether or not actually conceived during regular business hours) and for a period of six months subsequent to the termination (whether by expiration of the Term or otherwise) of such employment with the Company, and (ii) related to the business of the Company, shall be disclosed in writing promptly to the Company and shall be the sole and exclusive property of the Company, and the Executive hereby assigns any such inventions to the Company. An invention, idea, process, program, software, or design (including an improvement) shall be deemed related to the business of the Company if (a) it was made with the Company's funds, personnel, equipment, supplies, facilities, or Confidential Information, (b) results from work performed by the Executive for the Company, or (c) pertains to the current business or demonstrably anticipated research or development work of the Company. The Executive shall cooperate with the Company and its attorneys in the preparation of patent and copyright applications for such developments and, upon request, shall promptly assign all such inventions, ideas, processes, and designs to the Company. The decision to file for patent or copyright protection or to maintain such development as a trade secret, or otherwise, shall be in the sole discretion of the Company, and the Executive shall be bound by such decision. The Executive hereby irrevocably assigns to the Company, for no additional consideration, the Executive's entire right, title and interest in and to all work product and intellectual property rights, including the right to sue, counterclaim and recover for all past, present and future infringement, misappropriation or dilution thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or limit the Company's rights, title or interest in any work product or intellectual property rights so as to be less in any respect than the Company would have had in the absence of this Agreement. If applicable, the Executive shall provide as a schedule to this Agreement, a complete list of all inventions, ideas, processes, and designs, if any, patented or unpatented, copyrighted or otherwise, or non-copyrighted, including a brief description, which he made or conceived prior to his employment with the Company and which therefore are excluded from the scope of this Agreement. References to the Company in this Section 12 shall include the Company, its subsidiaries and affiliates.View More
Conflicts of Interest. While employed by the Company, the Executive shall not, unless approved by the Compensation Committee, Board, directly or indirectly: (a) participate as an individual in any way in the benefits of transactions with any of the Company's customers, or VerifyMe's Customers or vendors, or suppliers, including, without limitation, having a financial interest in the Company's customers, or VerifyMe Customers or vendors, or suppliers, or making loans to, or receiving loans, from, the Company's customer...s, vendors, or suppliers; VerifyMe Customers or vendors; (b) realize a personal gain or advantage from a transaction in which the Company or VerifyMe has an interest or use information obtained in connection with the Executive's employment with the Company or VerifyMe for the Executive's personal advantage or gain; or (c) accept any new offer during the Term to serve as an officer, director, partner, consultant, manager with, provide services to or to be employed in a professional, technical, or managerial capacity by, a person or entity which does business with the Company other than ZEST. 12 or VerifyMe. 11 12. Inventions, Ideas, Processes, and Designs. All inventions, ideas, processes, programs, software, and designs (including all improvements) (i) conceived or made by the Executive during the course of his or her employment with the Company (whether or not actually conceived during regular business hours) and for a period of six months subsequent to the termination (whether by expiration of the Term or otherwise) of such employment with the Company, and (ii) related to the business of the Company, shall be disclosed in writing promptly to the Company and shall be the sole and exclusive property of the Company, and the Executive hereby assigns any such inventions to the Company. An invention, idea, process, program, software, or design (including an improvement) shall be deemed related to the business of the Company if (a) it was made with the Company's funds, personnel, equipment, supplies, facilities, or Confidential Information, (b) results from work performed by the Executive for the Company, or (c) pertains to the current business or demonstrably anticipated research or development work of the Company. The Executive shall cooperate with the Company and its attorneys in the preparation of patent and copyright applications for such developments and, upon request, shall promptly assign all such inventions, ideas, processes, and designs to the Company. The decision to file for patent or copyright protection or to maintain such development as a trade secret, or otherwise, shall be in the sole discretion of the Company, and the Executive shall be bound by such decision. The Executive hereby irrevocably assigns to the Company, for no additional consideration, the Executive's entire right, title and interest in and to all work product and intellectual property rights, including the right to sue, counterclaim and recover for all past, present and future infringement, misappropriation or dilution thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to reduce or limit the Company's rights, title or interest in any work product or intellectual property rights so as to be less in any respect than the Company would have had in the absence of this Agreement. If applicable, the Executive shall provide as a schedule to this Agreement, a complete list of all inventions, ideas, processes, and designs, if any, patented or unpatented, copyrighted or otherwise, or non-copyrighted, including a brief description, which he or she made or conceived prior to his or her employment with the Company and which therefore are excluded from the scope of this Agreement. References to the Company in this Section 12 shall include the Company, its subsidiaries and affiliates. View More
Conflicts of Interest. Your employment pursuant to this offer is contingent upon you having disclosed to the Company any potential conflicts of interest between your past employment and future duties with the Company. By accepting this offer of employment, you are certifying that (i) you are not aware of any impediment to loyal and conscientious employment with the Company, (ii) you have not engaged in any conduct or entered into any agreement that would disqualify you from employment with the Company or in any way re...strict your employment with the Company, and (iii) neither your employment with the Company nor the discharge of your employment duties will violate any agreement that you have executed with a third party. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all of the duties and obligations required of and from you in connection with your employment with the Company, and to the reasonable satisfaction of the Company. During the term of your employment, you further agree that you will devote all of your business time and attention to the business of the Company, the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice and you will not render commercial or professional services of any nature to any person or organization, whether or not for compensation, without the prior written consent of the Company's Chief Executive Officer. By way of illustration, but not limitation you may not (i) accept or perform work of a nature that conflicts or competes in any way with the business, products or services of the Company, or causes you or has potential to cause you to be disloyal; (ii) use any Company 2 resources including, but not limited to, computer hardware and software, telephones, facsimile machines, and copiers, for or in connection with any non-Company work; (iii) perform any non-Company work on Company premises; or (iv) perform any non-Company work during normal business hours. Nothing in this letter agreement will prevent you from accepting speaking or presentation engagements in exchange for honoraria or from serving on boards of charitable organizations, provided such efforts are not inconsistent with the above principles.View More
Conflicts of Interest. Your employment pursuant to this offer is contingent upon you having disclosed to the Company any potential conflicts of interest between your past employment and future duties with the Company. By accepting this offer of employment, you are certifying that (i) you are not aware of any impediment to loyal and conscientious employment with the Company, (ii) you have not engaged in any conduct or entered into any agreement that would disqualify you from employment with the Company or in any way re...strict your employment with the Company, and (iii) neither your employment with the Company nor the discharge of your employment duties will violate any agreement that you have executed with a third party. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all of the duties and obligations required of and from you in connection with your employment with the Company, and to the reasonable satisfaction of the Company. During the term of your employment, you further agree that you will devote substantially all of your business time and attention to the business of the Company, the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice and you will not render commercial or professional services of any nature to any person or organization, whether or not for compensation, without the prior written consent of the Company's Chief Executive Officer. By way of illustration, but not limitation you may not (i) accept or perform work of a nature that conflicts or competes in any way with the business, products or services of the Company, or causes you or has potential to cause you to be disloyal; (ii) use any Company 2 resources including, but not limited to, computer hardware and software, telephones, facsimile machines, and copiers, for or in connection with any non-Company work; (iii) perform any non-Company work on Company premises; or (iv) or(iv) perform any non-Company work during normal business hours. Nothing in this letter agreement Agreement will prevent you from accepting speaking or presentation engagements in exchange for honoraria or from serving on boards of charitable organizations, honoraria, provided such efforts are not inconsistent with the above principles. principles, or from serving on boards of charitable or for profit organizations (whether or not for any compensation) with the Board's prior consent. In addition, nothing in this Agreement prohibits you from holding any interest in any investment funds or other passive investments or your ownership of no more than five percent (5%) of the equity securities of any publicly traded company. 3 9. Nondisparagement. During the term of your employment with the Company and for two years thereafter, you agree that you will not knowingly and materially disparage, criticize, or otherwise make any derogatory statements regarding the Company. Notwithstanding the foregoing, nothing contained in this agreement will be deemed to restrict you, the Company or any of the Company's current or former officers and/or directors from providing information to any governmental or regulatory agency (or in any way limit the content of any such information) to the extent they are requested or required to provide such information pursuant to applicable law or regulation or to restrict you from discussing the terms and conditions of your employment, as allowed under Section 7 of the National Labor Relations Act or California Labor Code sec. 232.5. During the term of your employment with the Company and for two years thereafter, the Company agrees not to knowingly and materially disparage, criticize, or otherwise make any derogatory statements regarding you to any third-parties. View More
Conflicts of Interest. During the Employment Period, Executive shall devote such time and energies as appropriate to fulfill all responsibilities to the Company in the capacity set forth in Section 1. Executive shall be free to pursue business activities which do not interfere with the performance of Executive's duties and responsibilities under this Agreement; provided, however, Executive shall not engage in any outside business activity which involves actual or potential competition with the business of the Company,... except with the written consent of the Board.View More
Conflicts of Interest. During the Employment Period, Executive shall devote such time and energies as appropriate work in a full-time capacity to fulfill all responsibilities to the Company in the capacity set forth in Section 1. Executive shall be free to pursue business activities which do not interfere with the performance of Executive's duties and responsibilities under this Agreement; provided, however, Executive shall not engage in any outside business activity which involves actual or potential competition with... the business of the Company, except with the written consent of the Board. Nothing in this Section shall reduce or limit the effect of any provisions that may be contained in other written agreements between Executive and the Company. View More
Conflicts of Interest. Employee agrees that Employee shall promptly disclose to the Board any conflict of interest involving Employee upon Employee becoming aware of such conflict.
Conflicts of Interest. Employee agrees that Employee shall promptly disclose to the Board any material conflict of interest involving Employee upon after Employee becoming becomes aware of such conflict.
Conflicts of Interest. During the term of your employment with the Company, you will be expected to devote your full working time and attention to the business of the Company, and you will not render services to any other business without the prior approval of the Board. You must not engage in any work, paid or unpaid, that creates an actual conflict of interest with the Company. Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an officer, direc...tor, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which the Company is now engaged or in which the Company becomes engaged during the term of your employment with the Company, as may be determined by the Company in its sole discretion. If the Company believes such a conflict 3 exists during the term of this Employment Agreement, the Company may ask you to choose to discontinue the other work or resign employment with the Company.View More
Conflicts of Interest. During the term of your employment with the Company, you will be expected to devote your full working time and attention to the business of the Company, and you will not render services to any other business without the prior approval of the Board. Company; provided that you shall be permitted to serve on the board of directors of one (1) publicly traded company and one (1) private company, so long as such service does not otherwise violate the requirements set forth in this sentence and the rem...ainder of this Section 12. You must not engage in any work, paid or unpaid, that creates an actual conflict of interest with the Company. Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct competition with, the business in which the Company is now engaged or in which the Company becomes engaged during the term of your employment with the Company, as may be determined by the Company in its sole discretion. If the Company believes such a conflict 3 exists during the term Term of this Employment Agreement, the Company may ask you to choose to discontinue the other work or resign employment with the Company. Company, which resignation shall be treated as a resignation without Good Reason for all purposes. 8 13. Withholding. All sums payable to you hereunder will be reduced by all applicable federal, state, local and other withholding and similar taxes and payments required by applicable law. View More
Conflicts of Interest. In keeping with Executive's fiduciary duties and responsibilities to Company, Executive hereby agrees that he shall not become involved in a conflict of interest, or upon discovery thereof allow such a conflict to continue, at any time during the Employment Period. In this respect, Executive agrees to comply fully with the Company's Conflict of Interest Policy as in effect from time to time. In the instance of a material violation of the of the Company's Conflict of Interest Policy by the Execut...ive, the Board may choose to terminate Executive's employment for Cause (as defined in Section 6(d)); provided, however, Executive cannot be terminated for Cause hereunder unless the Board first provides Executive with notice and an opportunity to cure (if capable of being cured) such conflict of interest pursuant to the same procedures as set forth in clause (E) of the definition of "Cause" in Section 6(d)(2).View More
Conflicts of Interest. In keeping with Executive's his fiduciary duties and responsibilities to Company, Executive hereby agrees that he shall not become involved in a conflict of interest, or upon discovery thereof allow such a conflict to continue, continue at any time during the Employment Period. Period In this respect, Executive agrees to fully comply fully with the Company's Conflict conflict of Interest Policy interest agreement entered into by Executive in his capacity as in effect from time to time. of an off...icer or director of the Company. In the instance of a material violation of the conflict of the Company's Conflict of Interest Policy by the Executive, the interest agreement to which Executive is a party, it may be necessary for Board may choose to terminate Executive's employment for Cause (as defined in Section 6(d)); provided, however, Executive cannot be terminated for Cause hereunder unless the Board first provides Executive with notice and an opportunity to cure (if capable of being cured) such conflict of interest pursuant to the same procedures as set forth in clause (E) of the definition of "Cause" in Section 6(d)(2). View More
Conflicts of Interest. The Employee has reviewed with the Board (i) the present directorships and other positions or roles held by the Employee or her associate(s) in all such business organizations or arrangements that may be directly competitive or directly in conflict with the Company and (ii) ownership interests (legal or beneficial, direct or indirect) in another company held by the Employee or her associate(s) comprising more than two percent (2%) of such company, schedules of which are listed on Schedule 1 here...to. During the Employment Period, the Employee agrees to review with the Board any potential directorships, ownership (legal and beneficial, direct and indirect) interests and other positions or roles with business organizations or arrangements that may be directly competitive or directly in conflict with the Company. Except as set forth in Schedule 1 hereto, the Employee or her associate(s) is precluded from owning an interest (legal and beneficial, direct and indirect) in another company comprising more than two percent (2%) of such company or serving as an employee, director, consultant, advisor or member of such other company that may be directly competitive or directly in conflict with the Company until such interest is presented to the Board and the Board consents to such interest or employment.View More
Conflicts of Interest. The Employee Executive has reviewed with the Board (i) the present directorships and other positions or roles held by the Employee Executive or her his associate(s) in all such business organizations or arrangements that may be directly competitive or directly in conflict with the Company and (ii) ownership interests (legal or beneficial, direct or indirect) in another company held by the Employee Executive or her associate(s) comprising more than two percent (2%) of such company, his associate(...s), schedules of which are listed on Schedule 1 hereto. During the Employment Period, the Employee The Executive agrees to review with the Board any potential directorships, ownership (legal and beneficial, direct and indirect) interests and other positions or roles with business organizations or arrangements that may be directly competitive or directly in conflict with the Company. Except as set forth in Schedule 1 hereto, the Employee Executive or her his associate(s) is precluded from owning an interest (legal and beneficial, direct and indirect) in another company comprising more than two percent (2%) of such company or serving as an employee, director, consultant, advisor or member of such other company that may be directly competitive or directly in conflict with the Company until such interest is presented to the Board and the Board consents to such interest or employment. View More
Conflicts of Interest. Without the prior written approval of the Company, during the Term, Executive will not engage in any activity which is in conflict with the interests of the Company or any of its Affiliates. In furtherance of this covenant, during the Term: (a) Executive will notify the Company of any conflicts of interest or excessive gifts or offers of gifts or remuneration from customers, suppliers or others doing or seeking to do business with the Company or any of its Affiliates; (b) Executive will not rece...ive remuneration from any party doing business with or competing with the Company or any of its Affiliates unless the prior written consent of the Company is first obtained; (c) Executive will promptly inform the Company of any business opportunities that come to Executive's attention that relate to the existing or, to Executive's knowledge, prospective business of the Company or any of its Affiliates, and Executive will not participate in any such opportunities on behalf of any person or entity other than the Company; and (d) Executive will not engage in any other employment or business activity during working hours or at Executive's work location; provided, however, that Executive may, during working hours, engage in reasonable time managing Executive's personal investments to the extent that such investments and time do not conflict with the Company's interests.View More
Conflicts of Interest. Without During the period of employment, without the prior written approval of the Company, during the Term, Executive will not knowingly engage in any activity which is in conflict with the interests of the Company or any of its Affiliates. Company's interests. In furtherance of this covenant, Executive agrees during the Term: period of employment that: (a) Executive will notify the Company of any conflicts of interest or excessive gifts or offers of gifts or remuneration from customers, suppli...ers or others doing or seeking to do business with the Company or any of its Affiliates; Company; (b) Executive will not receive remuneration from any party doing business with or competing with the Company or any of its Affiliates unless the prior written consent of the Company is first obtained; and (c) Executive will promptly inform the Company of any business opportunities that come to Executive's attention that relate to the existing or, to Executive's knowledge, or prospective business of the Company or any of its Affiliates, Company, and Executive will not participate in any such opportunities on behalf of any person or entity other than the Company; and (d) Executive will not engage in any other employment or business activity during working hours or at Executive's work location; provided, however, that Executive may, whether or not during working hours, engage in reasonable time addressing issues related to Executive's charitable efforts and managing Executive's personal investments to the extent that such investments and time do not conflict with the Company's interests. View More
Conflicts of Interest. In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company's initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any suitable target business, subject to any fiduciary or contractual obligations the undersigned might have. (b) The undersigned's biographical information previously... furnished to the Company and the Representatives is true and accurate in all respects, does not omit any material information with respect to the undersigned's background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. (c) The undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter agreement and to serve as a director and/or officer of the Company. (d) If and for so long as the undersigned serves as an officer of the Company, the undersigned agrees not to become an officer or director of any other special purpose acquisition company which has publicly filed a registration statement with the SEC, unless (i) the Company has entered into a definitive agreement regarding an initial Business Combination and such agreement remains in effect, or (ii) the Company has commenced liquidation as a result of a failure to complete an initial Business Combination within 24 months after the closing of the IPO; provided, however, that the foregoing shall not prohibit continued service as an officer or director of any other special purpose acquisition company that the undersigned accepted when not prohibited by this restriction.View More
Conflicts of Interest. In order to minimize potential conflicts of interest that may arise from multiple corporate affiliations, the undersigned hereby agrees that until the earliest of the Company's initial Business Combination or liquidation, the undersigned shall present to the Company for its consideration, prior to presentation to any other entity, any suitable target business, subject to any fiduciary or contractual obligations the undersigned might have. (b) The undersigned's biographical information previously... furnished to the Company and the Representatives is true and accurate in all respects, does not omit any material information with respect to the undersigned's background and contains all of the information required to be disclosed pursuant to Item 401 of Regulation S-K, promulgated under the Securities Act. (c) The undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this letter agreement and to serve as a director and/or officer of the Company. (d) If and for so long as the undersigned serves as an officer of the Company, the undersigned agrees not to become an officer or director of any other special purpose acquisition company which has publicly filed a registration statement with the SEC, unless (i) the Company has entered into a definitive agreement regarding an initial Business Combination and such agreement remains in effect, or (ii) the Company has commenced liquidation as a result of a failure to complete an initial Business Combination within 24 months after the closing of the IPO; provided, however, that the foregoing shall not prohibit continued service as an officer or director of any other special purpose acquisition company that the undersigned accepted when not prohibited by this restriction.View More